The WHO has warned that Europe risks becoming the epicentre of the pandemic, assuming the unwelcome mantra from Latin America. But Europe’s difficulties extend beyond Covid-19. In early August, the…
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As the US stock market edges past the February 19th peak (3386.2), the focus may switch to the global laggards. The US has at times struggled to deal with Covid-19,…
Demonstrations have broken out in 75 US cities, with governors and mayors deploying the National Guard or imposing curfews on a scale not seen since the aftermath of the assassination…
Trade wars are back in the news and, once again, it is industrials that get hit, falling 1.61% yesterday, nearly double the dip in the S&P 500 (-0.86%). It is…
Mario Draghi will be remembered for doing “whatever it takes” and, on many accounts, the outgoing ECB President’s tenure was a success. Savers have been ‘punished’, but the unemployment rate…
Today’s PMIs for the Eurozone were a mixed bag. The positives (the improvement in services for France) were counterbalanced by signs of persistent weakness in Germany. These surveys reflect in…
Consensus forecasts suggest the Eurozone is heading for a recession. The risks to the Eurozone economic outlook remain firmly skewed to the downside. However, for investors, it is worth pausing…
The hawks may be fighting back. A growing number from the ECB’s own 25-member rate-setting committee have voiced their concerns. Rushing headlong back into QE and cutting interest rates again…
Much of the attention on the Eurozone has understandably been centred on Germany. Very poor IFO surveys, a contraction in real GDP (Q2) and the first signs of a rise…
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